Kieran Forsey, CEO of private brand grocery specialist Solutions for Retail Brands, explains why “clean and clear” labeling is a key weapon in the battle of the supermarkets.
A startup called Wasteless is offering grocers a system designed to lower the prices of items automatically as they approach their expiration dates, hoping to cut down on food waste. Electronic shelf labels also help the system alert the store if an item is nearly out of stock.
The millennial generation, now in their mid-twenties to mid-thirties and having children, are influencing retailers with a different style of shopping than previous generations.
Do words like “blockchain” and “cryptocurrency” make you think “confusing gobbledygook?” You aren’t alone: three out of four consumers say they’ve never heard of blockchain or have no idea what it means. Yet some of the biggest food brands in the world are betting on these technologies to transform the future of the industry. In this month’s FoodBytes, you’ll discover why and learn the basics behind these potentially revolutionary tools.
Investors shared what they look for in a company at last week’s FamilyFarmed Good Food Innovation and Financing Conference. Sustainable and local efforts, early-stage startups that fulfill a unique consumer need and brands that meet consumers in their home are of particular interest.
Amazon announced Thursday that it is acquiring PillPack, which is an online pharmacy that provides a medication delivery system through pre-sorted dose packaging, coordinates refills and renewals, and ensure medications are shipped on time.
Conagra Brands, Inc. has entered into an agreement to acquire Pinnacle Foods, Inc., Parsippany, N.J., for approximately $10.9 billion. The transaction has been approved by the boards of directors for both companies and is expected to be completed by the end of 2018.
Pilgrim’s Pride made a preliminary offer for Hain Celestial’s protein business, according to a person familiar with the matter. The source claims Hain is in the process of selling Hain Pure Protein, its chicken and turkey division, to make its remaining snack food company more attractive to a buyer. Final bids are due in mid-July, and the sale is expected to amount to about $700 million, reported New York Post.
Ball Corp. and Platinum Equity entered into joint venture and definitive purchase agreements to form Ball Metalpack, a packaging company that manufactures steel containers for food and other products in the U.S. Platinum Equity will own 51% of Ball Metalpack and Ball Corp. will own 49%.
All Market Inc, the parent company of Vita Coco, has entered the natural energy drinks category with the purchase of Runa.